Date Posted: 05/08/2022
Property Status: For Sale
Management Type: Manager operated
Region: North East
Guide Price: £2,800,000 (Freehold)
Single Beds: 47
NORTH EAST ENGLAND Fully Managed modern purpose built Nursing Home with 47 Single Rooms and PP for a further 9 rooms arranged in predominently single storey accommodation on a plot of circa 0.71 acre. Trading with consistent high turnover, EBITDA and occupancy levels this facility is ideal for someone looking for a good investment opportunity with well qualified and experienced core staff. The current owners are making further improvements on a regular basis and there is potential to develop further by taking advantage of the planning permission granted for another 9 beds. Turnover to 31/3/22 of £1,442,309 with EBITDA of £308,706.80. Latest turnover figures show £30,000 per week with £circa £31,000 per week after fee increase on 9th October with corresponding increase in EBITDA expected to be around £350,000 for the following year.